Sprouts Farmers Market (NASDAQ:SFM) Insider Sells $1,488,529.20 in Stock

Sprouts Farmers Market, Inc. (NASDAQ:SFM) insider John Scott Neal sold 17,471 shares of Sprouts Farmers Market stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $85.20, for a total value of $1,488,529.20. Following the completion of the transaction, the insider owned 14,178 shares of the company’s stock, valued at approximately $1,207,965.60. This trade represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Sprouts Farmers Market Price Performance

SFM traded up $0.29 during trading on Friday, reaching $85.54. 1,694,843 shares of the company were exchanged, compared to its average volume of 1,990,246. Sprouts Farmers Market, Inc. has a 12-month low of $75.75 and a 12-month high of $182.00. The company’s 50-day moving average is $94.02 and its two-hundred day moving average is $132.78. The company has a quick ratio of 0.53, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 0.98 and a beta of 0.70.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Wednesday, October 29th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Sprouts Farmers Market had a return on equity of 38.03% and a net margin of 5.93%.The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. Sprouts Farmers Market has set its FY 2025 guidance at 5.240-5.280 EPS and its Q4 2025 guidance at 0.860-0.900 EPS. Research analysts forecast that Sprouts Farmers Market, Inc. will post 4.29 earnings per share for the current fiscal year.

Sprouts Farmers Market declared that its Board of Directors has approved a stock repurchase plan on Tuesday, August 19th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group set a $108.00 target price on shares of Sprouts Farmers Market in a research note on Thursday, October 30th. Evercore ISI decreased their price target on shares of Sprouts Farmers Market from $175.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, October 27th. JPMorgan Chase & Co. dropped their price objective on Sprouts Farmers Market from $124.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. The Goldman Sachs Group reduced their target price on Sprouts Farmers Market from $178.00 to $152.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Zacks Research lowered Sprouts Farmers Market from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Hedge Funds Weigh In On Sprouts Farmers Market

A number of hedge funds and other institutional investors have recently modified their holdings of SFM. Swiss Life Asset Management Ltd increased its stake in shares of Sprouts Farmers Market by 74.8% in the third quarter. Swiss Life Asset Management Ltd now owns 4,454 shares of the company’s stock worth $485,000 after buying an additional 1,906 shares during the period. Groupama Asset Managment bought a new stake in Sprouts Farmers Market in the 3rd quarter worth $1,022,000. CIBC Bancorp USA Inc. bought a new stake in Sprouts Farmers Market in the 3rd quarter worth $1,335,000. Danske Bank A S purchased a new position in shares of Sprouts Farmers Market in the third quarter valued at about $13,193,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Sprouts Farmers Market during the third quarter valued at about $234,000.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.